Question

Explain the Concept of the ‘Warsaw Convention’ and its role in Financial Management

Explain the Concept of the ‘Warsaw Convention’ and its role in Financial Management

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The convention for the unification of certain rules relating to international carriage by air is commonly known as the Warsaw convention, is an international convention which regulates liability for international carriage of persons, luggage, or goods performed by aircraft for reward. The Warsaw conventioin denotes liabilty limits in french francs (which are obsolete) and Special Drawing Rights (which are not). It set atwo year limit for a passenger to make a claime against an airline and requires airlines to issue tickets for passengers and checked lugguge. The convention was signed in 1929 and has been amended a few times since.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain the following statements with respect to a specific concept or convention along with its reasoning:...
Explain the following statements with respect to a specific concept or convention along with its reasoning: a. Near the end of the current year, a company required a customer to pay Rs.200,000 as a deposit for work that is to begin in the following year. At the end of the current year the company reported the Rs.200,000 as a liability on its balance sheet. Which accounting principle/guideline prevented the company from reporting the Rs.200,000 on its income statement for the...
Explain the following statements with respect to a specific concept or convention along with its reasoning:...
Explain the following statements with respect to a specific concept or convention along with its reasoning: d. When the accountant has to choose between two acceptable alternatives, the accountant should select the alternative that will report less profit, less asset amount, or a greater liability amount. This is based upon which principle/guideline? e. Accountants might recognize losses but not gains in certain situations. For example, the company might write-down the cost of inventory, but will not write-up the cost of...
Discuss the role of accounting in financial management.
Discuss the role of accounting in financial management.
explain the concept of credit management
explain the concept of credit management
Define financial management and explain its importance? (4 marks)
Define financial management and explain its importance?
The role of financial management does not usually include responsibility for
The role of financial management does not usually include responsibility for
Q#04: Explain how central bank is functioning and what is its role in development of financial...
Q#04: Explain how central bank is functioning and what is its role in development of financial structure?
Explain the role of management in implementing business ethics.
Explain the role of management in implementing business ethics.
Discuss the concept of elasticity of demand and its role in making economic decisions.
Discuss the concept of elasticity of demand and its role in making economic decisions.
Explain the role of PHST operations in a database management system
Explain the role of PHST operations in a database management system
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT